Category Archives: Corporate Law

MLB Advanced Media Sued Over Pitch-Tracking System

Back in the day, baseball was said to be “a game of inches.” Today it’s largely driven by statistical data, such as the length of home runs, bat speeds and the velocity of pitches. Over the last decade or so, in fact, fans have grown accustomed to knowing how fast the last pitch was. Now, the origins of the pitch-tracking technology used by Major League Baseball (MLB) has been questioned in a patent infringement lawsuit filed by SMT, parent of Sportsvision, creators of the pitch-tracking system Pitchf/x. The Pitch-Tracking Lawsuit At the start of the 2017 season, MLB began using a new pitch-tracking system which it claims was built in-house. The enhanced system is part of a larger player-tracking and data-collecting initiative, Statcast. In 2006, however, Sportsvision signed a contract with MLB Advanced Media (MLBAM) to create the pitch-tracking system Pitchf/x which was installed in every major league park by 2008. The system uses cameras to track the….. To continue reading this legal news please click Read full information...

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Regulators comment on securities law implications for offerings of tokens

On June 11, 2018, the Canadian Securities Administrators (“CSA”) published Staff Notice 46-308 Securities Law Implications for Offerings of Tokens (“Notice”). The Notice follows from the CSA’s previous guidance in Staff Notice 46-307 Cryptocurrency Offerings, where the CSA explained that many cryptocurrency offerings involve the distribution of securities and are therefore subject to securities laws (including prospectus, registration, and/or marketplace requirements). The Notice expands upon this guidance to focus in particular on offerings of “utility tokens,” which is an industry term often used to refer to a token that has one or more specific functions, such as allowing its holder to access or purchase services or assets based on blockchain technology. The CSA explained that the fact that a token has a utility is not, on its own, determinative of whether an offering involves the distribution of a security. Most offerings of tokens….. To continue reading this legal news please click Read full information...

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Why Late Notice Cases Bother Me

Claims made insurance policies provide coverage for claims first made during the policy period. So if the claim is made during the policy period, there’s coverage, right? Not so fast; there’s a catch. Under most claims made policies, the claim also has to be reported during the policy period or within a short period after the policy period ends. In many jurisdictions, the insurer can deny coverage for the late notice even if the delay did not prejudice the insurer in any way. The policy’s notice clause operates as a “Mother May I” provision –  even though you paid your premium, you don’t get coverage unless you say “Mother May I” and provide notice within the time limits. The problem is that policyholders muff the notice requirements all the time. We all know that. Late notice happens all the time. As a result, policyholders often get no coverage for the claims but the insurers keep the premium.   A recent case out….. To continue reading this legal news please click Read full information...

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Limits on Indemnification and Advancement for Delaware Corporations

Paul Lockwood Arthur Bookout Among the most crucial issues in the world of directors and officers liability are the related questions of indemnification and advancement. Since so many companies are incorporated in Delaware, the laws of indemnification and advancement in Delaware are particularly important with respect to scope of protection available for directors and officers. In the following guest post, Paul Lockwood and Art Bookout of the Skadden, Arps, Slate, Meagher & Flom law firm take a look at these issues, with a particular focus on limitations under Delaware law on indemnification and advancement rights. A version of this paper previously was published as an AIG White Paper. I would like to thank the authors and AIG for allowing me to publish this article as a guest post. I welcome guest post submissions from responsible authors on topics of interest to this blog’s readers. Please contact me directly if you would like to submit a guest post. Here is Paul….. To continue reading this legal news please click Read full information...

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The Story of Parenthood

Douglas NeJaime, The Nature of Parenthood, 126 Yale L.J. 2260 (2017). Courtney Cahill Professor Douglas NeJaime’s article, The Nature of Parenthood, unites concepts, ideas, bodies of law, and legal subjects that have largely been viewed in isolation—until now. The “first comprehensive account of contemporary regulation of parental recognition in the context of ART [alternative reproductive technologies],” (p. 2270) The Nature of Parenthood brings into focus the similarities, connections, and dynamic relationships between and among things that scholars often consider separately: ART law and the law of unwed fatherhood; non-biological mothers in opposite-sex relationships and non-biological fathers in same-sex relationships; intended genetic mothers and unwed biological fathers; family law and constitutional law; past and present. Equal parts legal history, doctrinal and constitutional analysis, and legal reform, The Nature of Parenthood is a….. To continue reading this legal news please click Read full information...

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